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IRS RELEASES SUPPLEMENTAL OID LIST.

MAR. 13, 2000

Announcement 2000-14; 2000-1 C.B. 772

DATED MAR. 13, 2000
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference

    For the full text of Publication 1212, "List of Original Issue

    Discount Instruments," see 2000 TNT 12-41.
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    OID, computation
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2000-7222 (2 original pages)
  • Tax Analysts Electronic Citation
    2000 TNT 49-11
Citations: Announcement 2000-14; 2000-1 C.B. 772

Announcement 2000-14

[1] Banks, brokers, and other middlemen who report discount on Treasury bill redemptions on Form 1099-INT must use the owner's purchase price, where available, to determine the amount of discount to report. This information can usually be obtained from the owner's or middleman's records. However, if the owner's purchase price is not available from existing records, the middleman must report the discount as if the holder had purchased the Treasury bill at its original issue price. In this case, the middleman must use as the original issue price the noncompetitive issue price for the longest- maturity Treasury bill maturing on that date.

[2] For Treasury bill redemptions when the owner's purchase price CANNOT be determined, the following list gives the noncompetitive issue prices and corresponding amounts of discount to be reported on Form 1099-INT for Treasury bills maturing May through July 2000. This list, which should also help middlemen determine any amounts subject to backup withholding, supplements the list that appears in 1999 edition of Publication 1212, List of Original Issue Discount Instruments.

[3] Approved February 16, 2000.

                                   Rosalie LaPlante

 

                                   Acting National Director, Tax

 

                                     Forms and Publications Division

 

 

* * * * *

                SHORT-TERM UNITED STATES TREASURY BILLS

 

        Issued at a Discount and Maturing May 2000 - July 2000

 

 

                                              Non-

 

                                           competitive

 

                                           Issue Price

 

                                             (% of

 

                                            Principal

 

                                             Amount)       Dollar

 

                                            (Single-    Amount of OID

 

                                              price     to be Reported

 

                                            format as   (per $1000 of

 

      CUSIP        Maturity       Issue    of November     Maturity

 

      Number         Date         Date       2, 1998)       Value)

 

 

 ______________________________________________________________________

 

 

      912795DU2   05/04/2000    11/04/1999    97.427        25.73

 

      912795DV0   05/11/2000    11/12/1999    97.426        25.74

 

      912795DW8   05/18/2000    11/18/1999    97.364        26.36

 

  /*/ 912795DX6   05/25/2000    05/27/1999    95.319        46.81

 

      912795DY4   06/01/2000    12/02/1999    97.305        26.95

 

      912795DZ1   06/08/2000    12/09/1999    97.326        26.74

 

      912795EA5   06/15/2000    12/16/1999    97.265        27.35

 

  /*/ 912795EB3   06/22/2000    06/24/1999    95.056        49.44

 

      912795EC1   06/29/2000    12/30/1999    97.217        27.83

 

      912795ER8   07/06/2000    01/06/2000    97.176        28.24

 

      912795ET4   07/13/2000    01/13/2000    97.260        27.40

 

  /*/ 912795ED9   07/20/2000    07/22/1999    95.238        47.62

 

      912795EU1   07/27/2000    01/27/2000    97.209        27.91

 

FOOTNOTE

 

 

/*/ 52 week bill
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference

    For the full text of Publication 1212, "List of Original Issue

    Discount Instruments," see 2000 TNT 12-41.
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    OID, computation
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2000-7222 (2 original pages)
  • Tax Analysts Electronic Citation
    2000 TNT 49-11
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